No Trade as of now, Position is neutral. DISH TV MAKING Lower High and Higher Low Will Review the position once Trend is Broken.
For Short Term, will trade with Positive Bias on Pharma Stocks in short term.
FMCG Index took support of 200 EMA and showing bullish signs. Even if it comes down again towards 200 EMA that will present a fantastic oppurtunity to go long on FMCG Stocks as it will create a double bottom for short term. I would look to enter the shares mentioned on the charts for Longs till CNX FMCG index does not break the recent lows.
15 Min chart shows Bearish Bat, was bit late to identify. But I hope it will be useful tomorrow. Short for Target 1- 248 Target 2- 246 SL - Can's say now as its on very low tim frame, will update post market opening. But do take a wise choice.
DHFL. Very strong Trendline. Will this hold again this time. Time will tell, but take a wise choice.
TCS has formed a tripple bottom on daily charts. One can buy this for below Targets:- Target 1- 2380 Target 2- 2440 SL- Close below 2280
Strides has created Bearish Bat on daily charts, Since its already fallen a great deal, a bit of retracent will be great entry for a short position.
Can we get a bounce on ONGC. I will buy it with SL as today's low on closing basis. Target 1- 277 Target 2- 286
Keep an eye on this one, Be careful on long side.
One should keep an eye on the support trendline, It should take support there and one can play for the bounce.
MIC electronics is presenting a High Risk High Reward Trade Set up in result week. Company will present its results this week and exception is good. If this trade Plan out the way we anticipate then we will get good reward out of it. Risk- 6% Reward- 30%
Breakout on close above 955 with Volumes should attract fresh buying and will take this stock to 989 zone and then towards 1040. Keep this stock under radar this week. BREAKOUT CAN COME ANY TIME SOON
Dowjones Neutral View till we get a clobe above or below trendline
Nifty IT is at very Critical Level. This week will be Interesting.Bounce Expected from 200 EMA support, But weekly close below 200 EMA will put Nifty IT in long term downtrend.
Zeel bounced from very strong support of Gann Line and Fibonacci Support levels. One can buy this for target of 536 and 560 IT CAN BE BOUGHT ON ANY DIPS TILL 505 Sl 497
Buy Buy Buy, Looks like a fantastic setup for a decent up move. Target 1- 152 Target 2- 180 SL -115 on closing
200 EMA Seems to act as very strong support and Resistance for Dabur. One can buy at CMP Target 300/313/321 SL 283 On closing basis.
After a massacre of Tata Stock, On Friday we saw some shortcoverting in tata stocks. Trend is broken down, hence one should use this bounce to short. Price retraced to 200 EMA and took resistance , also there is a Fiblevel which will act as resistance. Short Target 1- 534 Target 2- 528 SL- 550.